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Home My WebLink AboutSR - R25960 - Appraise APN 653-740-001�G Contract No. R25960 PALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: RATIFICATION OF PROFESSIONAL SERVICES AGREEMENT TO APPRAISE A PORTION OF APN 653-740-001, PALM DESERT, CALIFORNIA SUBMITTED BY: LAURI AYLAIAN, REDEVELOPMENT MANAGER CONSULTANT: CAPITAL REALTY ANALYSTS 41-865 BOARDWALK, STE. 201 PALM DESERT, CA 92211 DATE: NOVEMBER 16, 2006 CONTENTS: APPROVED PROPOSAL DATED 17 OCTOBER 2006 SITE MAP Recommendation: By Minute Motion, that the Agency Board ratify an agreement in the amount of $3,500 with Capital Realty Analysts for performing an appraisal of a portion of APN 653-740-001, a vacant parcel on the south side of Gerald Ford Drive west of Portola Avenue. Funds for this work are available in Account No. 851-4195-466-3092. Executive Summary: By approval of the staff recommendation, the Agency Board will ratify an agreement approved and executed by the Executive Director using a consultant approved by the Agency Board on 12 January 2006. The consultant will appraise ten acres of a 40-acre parcel that the Agency may sell to Riverside County for development of a new Sheriffs station. Discussion: The Sheriff of Riverside County has indicated a need for expanded facilities to accommodate current operations and to plan for future growth. The Sheriff's Department has expressed an interest in staying in the City of Palm Desert, but requires approximately ten acres for a new station. In order to determine if their needs could be met within the city limits of Palm Desert, staff would like to do some due diligence including determining the value of a ten -acre portion of a 40-acre parcel owned by the Redevelopment Agency. Staff Report contract No. R25960 Ratification of Professional Services Agreement to appraise a portion of APN 653-740- 001 (Capital Realty Analysts) Page 2 of 2 November 16, 2006 Under the authority granted in Section 3.30.270 of the Palm Desert Municipal Code of Ordinances, the Executive Director has approved and executed an agreement with Capital Realty Analysts to perform the necessary professional appraisal services to determine the value of this land situated on the south side of Gerald Ford Drive and west of Portola Avenue. The agreement is hereby presented to the Agency Board for ratification, as is required by the cited section of the Municipal Code. The appraisal will be performed within four weeks of the authorization date which was 20 October 2006. Submitted by: Lauri Aylaian Redevelopment Manager mh Approval: I McCarthy, ACM T elopment Carlos aL.OrteV,Executive Director Department Head: �ave Yri9� Directgf edevelopment/Housing Paul S. Gibson, Director of Finance f0 �j BY RDA I ON VERIFIED BY-K I Original on file with City Clerk's Office G \RDA\Maria Hunt\WPDATA\HYLAIAN\STFRPTS\111606capdalrealtyagm doc CAPITAL REALTY ANALYSTS REAL ESTATE APPRAISERS* ANALYSTS• ADVISORS 41-865 BOARDWALK, SUITE 201 PALM DESERT, CA 92211 October 17, 2006 Palm Desert Redevelopment Agency Attn: Ms. Lauri Aylaian 73-510 Fred Waring Drive Palm Desert, CA. 92260 RE: Appraisal Request for "Gerald Ford Land" Dear Ms. Aylaian: CW ra-vIs%rdyinrsvin Pursuant to your request, I am pleased to submit this proposal for appraisal services in connection with the above captioned property. Based our previous discussion, I understand the parameters of the assignment to be as follows: Property Type: Vacant Land Parcel Location: South side of Gerald Ford Drive, west of Portola Avenue, Palm Desert, CA. APN: A portion of APN 653-740-001, Riverside County, CA. Type of Report: Summary Date of Value: 10/06 or Client's Option to 09 Purpose of Appraisal: ProctN2Valu2 aSi�o ni �� r��"ie Function of Appraisal: Internal Use Property Rights: Fee Simple Estate The valuation will be prepared in accordance with the Uniform Standards of Professional Appraisal Practice. The fee proposal for this assignment is $3,500. The fee quote is inclusive of all expenses and charges. The required retainer is $0. The date of completion of the assignment is 3-4 weeks from the engagement date or sooner if possible. Upon completion, I will provide you with 3 copies of the report, or more at your request. I will proceed with the preparation of this appraisal upon receipt of a signed copy of this engagement letter and the retainer. Thank you, and please feel free to phone me if I can answer questions or be of additional assistance. Agreed and Accepted Agreed and Accepted Capital Realty Analysts Palm Desert Redevelopment Agency *6t-e� '6 Michael A. Scarcella, MAI Carlos L. rt a, Executive Director PHONE: (760) 779-9004 FAX: (760) 779-9815 http://realtyadvisor.com 16 NOVEMBER 2006 RATIFICATION OF PROFESSIONAL SERVICES AGREEMENT APPRAISAL OF VACANT LAND ON GERALD FORD DRIVE SITE MAP